economy

[lauren g]

why is the dollar and gbp going down....


what is the out come of thius big mess ????

[hersko915]

I have this theory about this really big saudi arabinan sitting on a massive pillow with a feather in his turbanand a a harem of over a thousand beautiful girls and trillions of dollars sitting in his bank account - laughing as he watches all them major national economies slowly crumble down to their bare foundations... Despite the large number of explanations i have read from some of the most respected financial analysts and traders - this seems to be the most viable answer i can come up with

[vizfact]

Go watch the Money Masters video and you will see exactly whats going on. Its a long movie but very educational and highly recommended viewing for anyone who considers themselves serious at wanting to understand these dirty durty markets.

[priya11]

Similar to EURUSD, the GBPUSD also traded higher this morning in Asian session and we also had more than 100 pips gap. However, from a longer perspective, as long as the pair stay below 1.6408, I think we are still in bearish scenario. My model goes mixed with neutral bias. Immediate resistance is seen at 1.5940 followed by 1.6050. Initial support at 1.5725 followed by 1.5590. CCI in neutral area on daily chart.

GBPUSD Daily Supports and Resistances:

S1= 1.5492
S2= 1.5342
S3= 1.5150
R1= 1.5834
R2= 1.6026
R3= 1.6176

[frontier2002]

Originally Posted by lauren g

why is the dollar and gbp going down....


what is the out come of thius big mess ????

It is very simple. The dollar and Pound has to go down because they simply need to do so. Recalled back the economic lesson we use to learn in school that the economy is moving in cycle. So this is the same scenario happen to dollar pound pair. The cycle of uptrend has to neutralize because it has been too long going up.

[priya11]

Originally Posted by lauren g

why is the dollar and gbp going down....


what is the out come of thius big mess ????

The USD has moderately strengthened against most of its major counterparts, continuing to prove that, for the time being, this is the solid currency that traders can rely on to provide them with steady profits. The EUR/USD stopped the upside move at a resistance level of 1.3080, and from then on it fell more than 150 pips back to the 1.29 level. The USD also gained steadily against the GBP and CHF on Wednesday.

The U.S. Unemployment Claims data was released yesterday, providing better-than-expected figures. Analysts envisage that this adds extra support to the bullish trend that the USD has been experiencing in recent days. The number of U.S. workers filing new claims for jobless benefits fell by 14,000. Initial claims for state unemployment insurance benefits were a seasonally adjusted 529,000 in the week ended from an upwardly revised 543,000 the previous week.

Moreover, the greenback has proven that it can rise despite release of negative economic data as well. Analysts say that the upwards trend may continue as long as the Dollar's major rivals are stuck in a similar predicament. For example, U.S. consumers cut spending during October at the steepest rate in more than 7 years. This was a 4th straight monthly fall in spending and underlined how a credit crunch, falling home prices and steady job losses were sapping consumers' will and ability to spend.

Looking ahead, the Forex market is set to be relatively quiet as Americans celebrate Thanksgiving holidays. Nevertheless, with energy prices and the U.S. stock market driving much of the financial speculation worldwide, analysts predict the Dollar to contribute to at least some of today's market volatility.

Cheers

[fxpips]

What is the outcome? Well, you might would like to watch a video from YouTube - Current Economic Crisis